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Team Summary

4 founders with overall 90 years of collective experience. Executive promoter is Gopalkrishna Kulkarni who is the Managing Director. Gopal is an IIT / IIMB graduate, has experience with GE and then started a PE-funded venture in the healthcare space.
Other key executives:
(a) Deepak Kaul, Chief Operating Officer, 25 years of experience in managing resorts. Graduated from IHM, Mumbai and started career with Taj Group. Prior to joining Stay Simple, he was associated with Jungle Lodges and Ramanashree Hotels. At Stay Simple, he is responsible for resort management, customer experience, activities, maintenance, etc.
(b) Gurmit Singh, 20 years in operations and sales New resorts acquisition
(c) Prakash Srivatsava, Regional Sales Head, South - 18 years in sales and marketing in hospitality sector. Prior to joining Stay Simple, he was with IndoAsia Travels.
(d) Manish Gurjar, Ritesh Bagai - Heading West and North Zone respectively.
(e) Resort managers at each resort
Total employees - 180

Product/Service Summary

Stay Simple Resorts is India's first chain of leisure resorts in the mid budget segment. With direct control over service delivery, we aim to provide a fun holiday experience with local activities, food, sightseeing, adventure built into packages, which are customized for three major segments of customers (Individual families, corporate groups and student groups).
Resorts are taken on a long lease (ranging from 5 to 10 years). We currently have 12 operational resorts. All resorts, in the first full year of operations, provide for a gross margin, exceeding 25%.
So far, we have covered destinations in Karnataka, Tamilnadu, Goa and Rajasthan, with the intent to be a pan India chain.
Our offerings are based on what a customer requires of a vacation (Food, activities, local experience, clean rooms etc), which are clubbed and sold as packages, rather than selling room nights alone.

Accelerator/Incubator

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